Oppenheimer Reiterates Perform Following BlackBerry's (BBRY) Q1 EPS Miss
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BlackBerry's (BBRY) Price Target Lowered to $7 at Deutsche Bank
June 24, 2015 2:19 PM EDTDeutsche Bank earlier maintained a Hold rating on BlackBerry (NASDAQ: BBRY) and lowered its price target to $7.00 (from $9.00). The change follows the company's Q1 results. Analyst Brian Modoff described results as "weak."
"We note meaningful weakness in the hardware business ($263.2M versus consensus: $327.5M) and in services ($250.0M versus consensus: $271.6M). Software revenues, however, were boosted... More
Canaccord Genuity Cuts Price Target on BlackBerry (BBRY) Following 1Q16 Results
June 24, 2015 9:39 AM EDTCanaccord Genuity maintains a Hold rating on BlackBerry (NASDAQ: BBRY), and cut the price target to $8.00 (from $10.00), following 1Q16. Reported sales of $658M were below consensus estimates of $689M. BlackBerry lowered its FY16 total software-related sales expectations from $600M to ~$500M, and the $500M now includes licensing revenue versus prior guidance of software only revenue.
Analyst Michael... More
Market Wrap: Boeing Appoints New Chief; Netflix Approves Stock Split; Durable Goods Orders Fell in May
June 23, 2015 5:25 PM EDTMarket wrap for June 23nd
End of the Day: S&P 500 up 1.4 to 2,124.20; Dow Jones up 24.3 to 18,144.07; Nasdaq up 6.1 to 5,160.10
Market Brief: U.S. markets were rather flat on Tuesday as exuberance over a potential Greek deal subsided. European commissioner for economic and financial affairs, Pierre Moscovici, told French radio on Tuesday that a deal is in sight, the first time creditors have mentioned that a resolution might be made.
Durable goods orders also tempered some enthusiasm with... More
BlackBerry (BBRY) CEO Chen says the company might have to cut its $100M BBM revenue goal
June 23, 2015 12:52 PM EDTBlackBerry (NASDAQ: BBRY) CEO John Chen says the company might have to cut its $100 million BBM revenue goal.
... MorePre-Open Stock Movers 06/23: (GDOT) (PHMD) (FIT) (DRI) Higher; (CTP) (VICL) (MELA) Lower (more...)
June 23, 2015 9:24 AM EDTCTPartners Executive Search (NYSE: CTP) 83.8% LOWER; announced that the exclusivity period for its negotiations with DHR International Inc. regarding an acquisition of the Company expired late last week with no definitive agreement for the sale of the Company as a whole having been reached.
Vical (NASDAQ: VICL) 47.2% LOWER; announced top-line results from an ongoing randomized, double-blind, placebo controlled Phase 1/2 clinical study of its... More
BlackBerry (BBRY) Gains as Strong Software Performance Bolsters Q1 Results - Cowen
June 23, 2015 8:29 AM EDTCowen and Company affirms BlackBerry (Nasdaq: BBRY) with a Market Perform rating and $11 price target following the company's Q1 report Tuesday morning.
Analyst Bryan Prohn offered the following commentary: At first glance BBRY's FQ1:16 results indicate the next phase of its turnaround - revenue stabilization and a return to growth - is off... More
BlackBerry (BBRY), Cisco (CSCO) Enter Long-Term Patent Cross-Licensing Deal
June 23, 2015 7:33 AM EDTBlackBerry (Nasdaq: BBRY) and Cisco (Nasdaq: CSCO) announced that they have entered into a long-term patent cross-licensing agreement covering their respective products and technologies.
As part of the cross-licensing agreement, BlackBerry will receive a license fee from... More
BlackBerry (BBRY) Misses Q1 EPS by 2c
June 23, 2015 7:01 AM EDTBlackBerry (Nasdaq: BBRY) reported Q1 EPS of ($0.05), $0.02 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $658 million versus the consensus estimate of $683.65 million.
The revenue breakdown for the quarter was approximately 40% for hardware, 38% for services and 21% for software and technology... More
Trading Radar for 6/23: BlackBerry (BBRY), Carnival (CCL), Darden (DRI), WSI Industries (WSCI) Report
June 22, 2015 2:19 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
9:00am EDT
FHFA Housing Price Index - no Street consensusEarnings:
BlackBerry... More
BlackBerry (BBRY) Sees Unusual Options Activity
June 22, 2015 12:28 PM EDTBlackBerry (Nasdaq: BBRY) is seeing increased options activity as shares rise over 1 percent Monday.
About 6,500 July call options at $10 strike traded today, easily outpacing any other contract. Open interest on the option is at 12,285 contracts.
Total share volume appears about average for BlackBerry at midday.
... MoreOppenheimer Remains Bearish Ahead of BlackBerry's (BBRY) F1Q16 Results
June 22, 2015 7:47 AM EDTOppenheimer maintains a Perform rating on BlackBerry (NASDAQ: BBRY) ahead of F1Q16 results. Analyst Andrew Uerkwitz believes that the consensus underestimates the difficulty BBRY is facing for its smartphones vs. competition. BBRY is scheduled to release its F1Q16 earnings report... More
